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Which of the following goods and services are included in the U.S. GDP and by how much? If a good or service is not included, explain why.a. Donna spends $100 on house paint.b. On a nice sunny weekend, Donna uses the paint that she purchased to paint her house.c. Bruce hires a painter to paint his house.d. Dell Computers buys parts from a local distributer for $1 million, assembles the parts, and sells the finished computers for $2 million.e. Sarah buys a new Ford Focus. f. Sarah buys a 2005 Dodge truck to drive on weekends.g. Ben buys $20,000 worth of Facebook stocks.h. During a recession, the government raises unemployment benefits by $100 million.i. In response to growing tensions in the Syria and Iraq, the U.S. government increases defense spending by $50 billion.
Suppose that the demand for Federal funds curve is such that the quantity of funds demanded changes by $160billion for each 1 percent change in the Federal funds interest rate. Also, assume that the current Federal funds rate is at the 3 percent r..
The government decided to tax a monopolist at a constant rate of $x per unit. Show the inpact upon output and price. Is the posttax equilibrium closer to or further from the ideal equilibrium of P= MC?
You are a competing firm are the only sellers of a new product. You both realize that the one who captures most of the market share will be the one that spends the most on advertising and promotions. You have $1 million for advertising and promoti..
If the production function is y = √(k), what is the steady state value of y in the Solow Growth Model with labour-augmenting technological progress at rate g, population growth at rate n and depreciation of capital at rate d?
You have been hired by the Department of An Taoiseach to comment and critique a sustainable growth plan being considered by parliament.
question 1type the following command in stata to load the smoke dataseta you are interested in examining whether living
what distinguishes public good from private goods what happens to total revenue given a price increase and demand is inelastic Why What is the difference b/w economic and accounting profit Why is a difference b/w them important
What is the real interest rate if the nominal interest rate is 8% and the expected inflation rate is 10% over the course of a year
You can lease the similar piece of equipment, delivered and installed, for an all-in cost of $65,000 per year, for three years, payable at the beginning of each year.
Illustrate what is the impact of shifts of the aggregate demand curve on potential output. Illustrate your answers with a diagram.
A firm produces output according to the production function Q=K^(1/2)L^(1/2). If it sells its output in a perfectly competitive market at a price of 10, and if K is fixed at 4 units, what is this firm's short-run demand curve for labor
The effect on the demand curve for hybrid cars (run on electric and gas and get much greater gas mileage) vs. regular cars (run only on gas) when the price of gas doubles. You need two graphs.
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